Middleby Corporation, a global leader in the foodservice equipment industry, declared on Monday the acquisition of EVO America Inc. – another global leader in the same industry specializing in design and ventless cooking equipment, which generates approximately $8 million in revenues annually.
The chairman and the CEO of Middleby Corporation explained that this latest acquisition will help add to the diversity of the company’s portfolio of ventless cooking solutions. This acquisition is timely because operators are increasingly becoming aware of the significant costs attached to installation of traditional ventilation.
Customers are also recognizing the restrictions imposed by externally vented hoods and duct work as they acquire new and more kitchen equipment with time.
The vision behind this acquisition is that EVO’s patented ventless technology can be integrated with quality designs that will empower Middleby’s customers with cooking versatility and flexibility, along with helping the company in expanding its geographical footprint.